Rate Markets Update!

UNDERSTANDING THE MARKET TRENDS AND NEWSMarket AnalysisBonds are not performing well.The rally last week seemed unsustainable.Bounced off the Fibonacci 38 level, a normal retracement point.Currently retesting the previously broken Fibonacci level.Concern about lack of news impacting market movements.Charts indicate a potential sideways movement between two Fibonacci levels.Upcoming EventsFed members speaking throughout the week.Wednesday: Existing home sales and FOMC minutes.Thursday: New home sales, building permits, ten-year auction.Friday: Consumer expectations, settlement, durable orders.Mortgage-Backed Securities (MBS) AnalysisMBS came above the Fibonacci level.Rejected at the resistance level of 99.40.Potential downside to around 98.40, a 30 basis point drop.ConclusionCaution is advised due to uncertain market conditions.Charts indicate potential for sideways rate movement.Lack of significant news events until mid-week.MBS facing resistance at 99.40 level, with possible downside to 98.40.

Innovative Guide For Today’s Buyer Agent and The Commission Challenge

Dear Buyer Agent,As the real estate landscape evolves, a significant shift is upon us: the commission disclosure transition. This pivotal change centers on educating sellers and buyers about the intricacies of commission payments to listing and buyer agents. The objective? Enhanced transparency, fostering open dialogues between buyer agents and potential buyers regarding commission structures.In these transformative times, I present a proposition: lean on my financial expertise to help augment the value you offer your clients. Drawing from my experience, I've curated FIVE pivotal value additions. You can showcase these tools and strategies to buyers, akin to how a listing agent would present to potential sellers.Navigating this transition won't be a solitary journey. As a lending partner, in collaboration with the value proposition you already offer, I can offer many tools and strategies, from specialized loan strategies covering commission costs to innovative savings tactics. This paradigm shift also empowers agents to negotiate commissions directly, aligning incentives more closely with buyer needs. It's a win-win, enhancing the buying experience for all stakeholders—buyers, agents, and sellers alike.Allow me to introduce the SIX value-adds for a compelling Home Buyers Presentation:⚡️ DIGITAL OFFER ⚡️The future of home buying is digital. Digital offers aren't just about efficiency—they're about creating a unique, transparent experience. Say goodbye to misplaced approval letters and convoluted financial jargon. Embrace instant approval letters, personalized video messages, and crisp financial visuals. Enhance your proposal with actual property images, setting your offer apart. This digital-first approach reaffirms your dedication to a streamlined home-buying journey, placing you at the forefront of buyer preferences and guaranteeing your buyer's offer stands out among multiple offers.Example ➡️https://www.roncahalan.com/presentation/FMO8bAe1.......................................................................⚡️ APPRAISAL GAP ⚡️An appraisal gap isn't just a strategy—it's a testament to your preparedness. In scenarios where appraisals don't align with sale prices, this tactic ensures stability in rates and payments, minimizing additional buyer contributions. Showcasing your proficiency with the appraisal gap strategy solidifies your reputation as a buyer agent adept at mastering market nuances.Example ➡️https://www.loom.com/share/af1680290b90497fb1d45cfa025db01b.......................................................................⚡️ COMMISSION GAP ⚡️The Commission Gap strategy is more than a tool—it's a commitment. In instances where sellers don't cover the commission or appraisal values don't justify it, I step in. My expertise enables me to restructure buyer financing to accommodate the commission, ensuring you're compensated relatively while ensuring transaction fluidity. Adopting the Commission Gap strategy underscores your dedication to circumventing market challenges, further cementing your standing as a versatile buyer agent.Example ➡️https://www.loom.com/share/aedf1b7b01c04ff8adc685e01ea32a6a.......................................................................⚡️ AFFORDABILITY SOLUTIONS ⚡️Affordability Solutions aren't just about numbers—they're about possibilities. I specialize in tailoring financing solutions expanding affordability horizons for buyers. Whether tweaking offers to secure favorable rates or leveraging unique loan products, these strategies simplify home buying. Significantly, when commissions are directly involved, showcasing these solutions amplifies your commitment to buyer financial well-being, reinforcing your value in their home-buying expedition.Example ➡️https://www.loom.com/share/78f87697e9684611b28887e5f86f6905.......................................................................⚡️ CASH TO WIN ⚡️What if your buyers are up against multiple offers but you had a solution that could "10 X" their chances to "WIN" every offer because they were negotiating as a cash buyer? What if, in doing so, the typical price reduction for cash ranges between 3 and as much as 10%... and with that "cash discount", they could pay closing costs and/or improve the affordability with an interest rate buydown at the same time? PLUS... regardless of the Seller's position on B/A commissions, with CTW, we can get you paid! That is the CASH TO WIN Program!Example ➡️https://www.loom.com/share/3f49c8e3052247e6aedc04176e2be7bd.......................................................................⚡️ INTEREST RATE MARKET UPDATES ⚡️Interest rates aren't static—they're dynamic. My financial market experience allows me to guide clients in securing optimal rates grounded in real-time market insights. Instead of locking in rates based on whims, we'll employ a data-centric strategy, ensuring the best rate at the perfect moment. This nuanced approach elevates your value proposition, shedding light on the intricacies of mortgage rates beyond mere rate comparisons.Example ➡️https://www.loom.com/share/fbb32e609fce4e0dbb845d73082180f8.......................................................................These tools and strategies will empower you to offer unparalleled value to your clients. Together, we can navigate this transition, ensuring a seamless, transparent, and enriching home-buying experience for all involved.Warm regards,Ron CahalanNMLS#224041

Homebuyer’s Budget Worksheet

The best preparation guide and worksheet to determine the price range best for you and your budget.

*Guide to Investing in Rental Properties

If you are considering investing in rental properties and building generational wealth, this guide is a great starting point!

BEWARE OF ONLINE RATE QUOTES!

Beware! Most rate quotes are "Fake Rates" and then you get the bate and switch! The 30 Factors that go into getting an accurate rate quote!

Who Is Ron Cahalan

Student Loan Affordability Calculator: How Much You Could Potential Save?

Are You Ready To Increase Purchasing Power by Lowering Your Student Loan Payments?⬆️ Use this calculator to estimate how much more you can qualify for on your next home loan by reducing student loan payments.⚡️ Need results fast? ⚡️So, What Has Happened Since Sept, 2023??The Financial Responsibility Act of 23 will Impact HomeownershipWe have started to have to face the challenging situation since September, 2023. Many of our clients have not made student loan payments in three years due to the pause on payments from the pandemic. Combining this with no financial planning, rising inflation, high credit card debt, and the prospect of a payment that hasn't been seen in 36 months, we are likely looking at a significant impact on those directly or indirectly involved in the housing market.For our sellers, especially those who recently purchased at low-interest rates in the 3% and 4% range and have student loans, this situation might affect their ability to move on to their next home.For our current approved buyers, this could impact their pre-qualification. Imagine adding $300 to $1,000 to their current debt-to-income ratio (DTI).And let's not forget our new first-time buyers. They will also feel the impact on their qualification. We must act swiftly to help them avoid default and late payments when the pause lifts in September......................................................High-Level View Of Options We Can Use⚡️Standard Repayment PlanPayments are a fixed amount that ensures your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).This is not an income-driven plan. It is not a good option for those seeking Public Service Loan Forgiveness (PSLF).⚡️Graduated Repayment PlanThe graduated repayment plan starts with lower payments that increase every two years. Payments are made for up to 10 years (between 10 and 30 years for consolidation loans)This is not an income-driven plan, which means you will not qualify for Public Service Loan Forgiveness or interest relief as you would on an income-driven repayment plan. Even more detail here.⚡️Extended Repayment PlanPayments may be fixed or graduated and will ensure your loans are paid off within 25 years. If your extended plan is graduated, then payments will rise over time. You will pay back significantly more interest than on a 10-year plan.This is not an income-driven plan, which means you will not qualify for Public Service Loan Forgiveness or interest relief as you would an income-driven repayment plan. Even more detail here.⚡️Revised Pay As You Earn Repayment Plan (REPAYE)This is an income-driven plan.Your monthly payments will be 10 percent of your discretionary income. Payments are recalculated annually based on your updated income and family size. Unlike PAYE, though, the monthly payment can exceed the 10-year standard plan payment.⚡️Pay As You Earn Repayment Plan (PAYE)This is an income-driven plan.Your monthly payments will be 10 percent of discretionary income, but never more than you would have paid under the 10-year Standard Repayment Plan. Payments are recalculated annually and are based on your updated income and family size.⚡️Income-Based Repayment Plan (IBR)This is an income-driven plan.Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan. Payments are recalculated annually based on your updated income and family size.⚡️Income-Contingent Repayment Plan (ICR)This is an income-driven plan.Your monthly payment will be the lesser of 20 percent of discretionary income or the amount you would pay on a repayment plan with a fixed payment over 12 years, adjusted according to your income.Payments are recalculated annually based on your updated income and family size.⚡️Income-Sensitive Repayment PlanThis is an income-driven plan.Your monthly payment is based on annual income, but your loan will be paid in full within 15 years.*Deferment.............................You are in deferment on your 6-month grace period. Interest accrues during this period. This means your balance will increase, and you’ll pay more over the life of your loan.Any period of deferment will not count toward loan forgiveness. We recommend you enter into an income-driven repayment plan to lower your payment.ForbearanceYou are in forbearance, and interest accrues during this period. This means your balance will increase, and you’ll pay more over the life of your loan.Any period of forbearance will not count toward loan forgiveness. We recommend you enter into an income-driven repayment plan to lower your payment.We specialize in helping borrowers that are looking for a mortgage now.Typical processing times are 30 days or less. Let’s get started! https://myloansense.com/c/ron-cahalan1